Opportunities for investors

The past few years have been a challenge for most builders and developers to continue with projects given the tighter lending regulations.  For those who can think of alternative measures for lending and funding, the earnings can be very rewarding.  Land prices have dropped in the Blue Ridge, Ga market and surrounding areas of Morganton, Ga. and Mineral Bluff, Ga.  Purchasing cheap land is not always the key to having good projects.  You still have to catch the attention of potential home buyers.  Cabin construction is primarily the only construction that has demand in this rural north Georgia mountain town.        

One of the key elements to watch for is developed land that is a bank foreclosure.  Often all utilities are in place and ready to begin construction within days of the purchase.  This gives you an advantage to purchasing raw land, going through all the land development measures, then beginning construction.  This process can take upwards of one to two years to get going.  Cost overlooked by many in developing land is survey cost(average about $1,000 per lot)  soil work from an engineer ($250 per lot) power to property, road cost, and site evaluations.  If a suitable property is found that is a bank foreclosure, typically these items have already been performed and are in place saving you thousands upon thousands of dollars in cost that most consumers take for granted.   The photos above are the most recent cabin development in Blue Ridge, Ga that was purchased.  To get from the closing table to the sale of the first cabin took only 5 months.  This is a 102 acre development with 48 lots.  All the development had been taken care of.  This was a foreclosure.  We purchased, cleaned up the roads, put in a gate, well, and cabin and we are on our way to making money.  You can do this to.  I am available any time to discuss.